StockWatch
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Non Banking Financial Company (NBFC)
AGM/EGM26 Aug 2026, 07:00 pm

Piramal Finance to hold EGM for ₹1750 Cr preferential issue

AI Summary

Piramal Finance Ltd has announced an Extraordinary General Meeting (EGM) scheduled for September 19, 2026. The primary agenda is to seek shareholder approval for a preferential issue of warrants convertible into equity shares. This private placement aims to raise capital up to ₹1750.03 crore from Nithyam Realty Private Limited, a promoter group entity. The meeting will be conducted via Video Conferencing/Other Audio Visual Means.

Key Highlights

  • EGM scheduled for September 19, 2026.
  • Seeking approval for preferential issue of warrants.
  • To raise up to ₹1750.03 crore.
  • Issue to Nithyam Realty Private Limited (Promoter Group).